BETTING ON SPORTS WITH BITCOIN | PLUS: OFFICIAL 2019 GUIDE TO THE TOP BITCOIN CASINOS & SPORTSBOOKS

With sports betting becoming more and more accepted, and much more accessible thanks to the the rise of online play, the growth of the industry continues to rise. With the right mix, betting on sports brings another element to games.

Our #1 Pick for Best Sports betting, has consistently been Nitrogen Sports, so it’s only fair we explain how to bet on sports with Bitcoin using information shared on the Nitrogen Blog.

By the end of this Nitrogen Sports Blog guide, our sports betting tips should give you a better understanding on how to bet on sports. And once you learn how to conveniently manage your transactions using Bitcoin, you’ll wonder why you ever did it any other way.

BETTING ODDS AND THE TYPES OF BETTING LINES

The odds are an important piece of information in sports betting; the bricks that lay the foundation to make the whole system work.

To put it simply, the odds tell you how likely an event is to happen. This is a projected outcome, and in sports betting, it gives you an idea of who is considered the favorite and who is the underdog.

To make every match appealing for bettors despite the given odds, different types of betting lines become available to improve a game’s value.

Betting on who will win the game isn’t the only way to bet on a match. You’ll come across a variety of betting lines to keep things interesting and fun.

Betslip

Think of this like a piece of paper used to record your bets. A betslip should have the match information, the odds, date, wager amount and an amount if you were to win the bet.

Line

A generic term used to describe a single match entry on a betslip.

Money Line (ML)

The most basic of all lines. This betting line is where bettors can place wagers on who will win the game. This is the best place to start to get yourself fully acquainted with sports betting.

Point Spread

This is a bit tricky compared to a money lines. In this type of bet, the team must win or not lose by a predetermined amount of points. The odds will look different, with the favored team associated with a minus (-) value, while the underdog as a plus (+) value.

Here’s an example – the Los Angeles Lakers are playing against the Boston Celtics. The point spreads for the game have Los Angeles (+10) and Boston (-10).

If you go for Boston at (-10), you’ll need them to not lose by more than 10 points. So the final buzzer sounds and the score is 95-115 with Los Angeles taking the win. Boston lost by 20 points, which results in you losing your bet. On the other hand, if you had bet on Los Angeles, with them having a (+10) spread, you would have won!

Totals: Over/Under

Let’s assume your gut feeling suggests a low scoring game maybe thanks to recent dramas or injuries between the two teams in question. Let’s go back to the 95-115 Lakers win against the Celtics above.

You see a line at 180 over/under (O/U). You are simply betting on if the combined points by both teams will be more or less than the amount on the given line.

In our example, the combined point total reached 210 (95+115), well over the O/U on the line. If you bet the under, you would have lost. But if you had bet on it going over, you would have won.

Compared to money line bets, point spreads and over/unders require a bit more more insight. It’s difficult to stay on top at all times, so focus on at least one sport to get yourself started, then move up once you get the hang of things.

Read up on the latest changes – upcoming matches, and player stats to determine improvements in the lineup. Quarrels between teammates, coaching replacements, and trade rumors are all good fodder for alternate outcome betting lines. It doesn’t hurt to be updated, as it can lead to more confident wagers.

THE BENEFITS OF MANAGING YOUR TRANSACTIONS WITH BITCOIN

Handling your deposits and payouts is best managed with Bitcoin. Using Bitcoin will provide you complete anonymity and security thanks to the nature of its design.

Faster transactions – Since Bitcoin is a decentralized cryptocurrency, transactions do not go through traditional banks. The strength of the network speaks for each transaction. If you place a request to withdraw your earnings, or fund your account via your Bitcoin wallet, the process completes in minutes.

Anonymity – All transactions are kept anonymous, with few details tracing back to the participants. A simple address to and from both sides forms the basis of a Bitcoin transaction.

When you do bet on sports with Bitcoin, you can wager as little as 0.0001 BTC (~64 cents at time of writing), giving you more freedom on how you choose to invest.

There’s a variety of Bitcoin exchanges to get you started, Coinbase being one. Once you convert your fiat currency to Bitcoin, you can then move it to your preferred Bitcoin wallet.

Next, deposit to your Nitrogen account, and you’re good to go.

Above all else, have fun while playing at Nitrogen Sports. Move at your pace and try to soak up as much information as you can. We have an array of guides and posts available in Nitrogen’s blog. From MLB betting tips, to even a few tips on college football for starting bettors.

Nitrogen Sports also has a variety of sports betting promotions available as well as opportunities such as our Fantasy League sponsorship. NBA and NFL communities can opt to have Nitrogen Sports add more than just bragging rights in their leagues.

Bitcoin is a fantastic new way to wager on sports, but there are a host of other great reasons to play with Nitrogen including our lively poker room, provably fair casino and huge array of sports; from Icelandic handball to NFL football. We also have player-friendly promos where you can score some free bets, and you can learn how to use free bets with our trusty guide. Join the future of betting today.

It is not our goal to convince anyone to gamble online, but for those who are interested in playing some of the newest 3D Slots, Poker or Blackjack, Bitcoin Dice or wager on their favorite sports teams.. these are the sites that we can recommend with confidence.

These are sites that have been tested. Deposits and withdrawals of winnings were paid out in a timely fashion and these are sites that allow wagers to be placed in Bitcoin or altcoins and winnings can be withdrawn in Cash.

Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.

Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Banking is also completely free, which means you’ll have more money in your player account. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League

Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.

Nitrogen Sports are our favorite “bitcoin only” sportsbook. Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site. They are headquartered in Costa Rica and owned by IdealMedia.com

Easily the biggest, most established and trusted bitcoin bookmaker.

100% anonymous. Nitrogen do not even ask you to provide an email address.

Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.

The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.

Deposits are credited with zero confirmations and withdrawals process in hours.

The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.

Get In On the Action Now!

mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.

All the games at mBit were independently tested and verified for fairness by RNG.

mBit is now home to over 1,000 different games and new ones are added weekly.

Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.

Deposit instantly and for free. Sign-up takes seconds and only requires an email.

mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.

United States of America players are welcome. Site in both English and Russian.

mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .

BetOnline is one of the most well-known and respected names in the online gaming industry. Their management team has been together since 1991 and they settle for nothing less than the best.

BetOnline has a history going back to 2004 and offer a combination of great lines and great service to US, Canadian and worldwide sports betting fans. Licensed in Panama, BetOnline offer sports betting, casino games and poker. What you’ll notice immediately with this site is that they look after their loyal bettors. Instead of a big upfront bonus and then nothing – you’ll get 25% on every single qualifying deposit for life.

BetOnline is primarily known for their sportsbook which offers competitive odds for all the major sports including NBA, NFL, NHL, MLB, NCAAF, NCAAB, eSports, golf, tennis, soccer, boxing, UFC and more.The BETSOFT casino and live casino products are also strong income generators.BetOnline Poker and Poker App have immense player volume and combine to form one of the largest online Poker networks. BetOnline offers several deposit options including credit cards, wire transfer, cash transfer and Bitcoin. Cashing out at BetOnline is quick and painless, with one free withdrawal per month as an added bonus.

BetOnline.ag is constantly offering their clients various promotions such as welcome bonus, reload bonus, money back rebates, tournaments, jackpots and more.

What you’ll notice immediately with this site is that they look after their loyal bettors. Instead of a big upfront bonus and then nothing – you’ll get 25% on every single qualifying deposit for life.

PROS AND CONS

One of the largest sports books online.

Massive $2,500 Sign-Up Bonus.

Some of the largest wagering limits for Americans.

Betting software and interface is top notch.

Post odds earlier than other sites.

Issues in the past with poker players, but nothing within past 5 years.

Many users complain about the support staff.

Hidden fees for some payout methods.

Since 1999, SportsBetting has built a solid reputation by providing impeccable service to players. The sportsbook offers a number of perks such as early opening lines, MLB dime lines, reduced juice NHL, high limits, re-bet functionality, generous parlay and teaser odds, live betting and more.In those 15 years the brand has become more than just a sportsbook.

They offer sports betting, a Poker room, an online Casino and a Racebook. Financial betting products were added in the recent years. All products are powered by top gaming software and an attractive Affiliate Program which can earn their Affiliates life time commissions across all of their products.Depositing money is quick, easy and safe at SportsBetting. Bitcoin and credit card transactions are also accepted to fund player accounts.

Withdrawals are just as easy and safe. SportsBetting pays their clients on time, every time. They also include one free withdrawal per month.First time deposit bonuses and reload bonuses are also available. SportsBetting is constantly adding new promotions making it that much more enticing for players to play there. The Poker product has up to 11 different promotions being offered at all times.

There is always a reason for your referred customers to keep playing at SportsBetting.

BEST ONLINE BITCOIN/ALTCOIN CASINOS 2019

Coming in at #1 again, BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients

BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.

Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.

Safe and Secure: BetChain claims to use the latest in encryption and secure servers to ensure that customers’ money is always safe.

24/7 Support: Contact BetChain anytime, day or night, at support@betchain.com or through the BetChain support form.

mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.

All the games at mBit were independently tested and verified for fairness by RNG.

mBit is now home to over 1,000 different games and new ones are added weekly.

Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.

Deposit instantly and for free. Sign-up takes seconds and only requires an email.

mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.

United States of America players are welcome. Site in both English and Russian.

mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .

One of the most popular Bitcoin casinos out. The casino is provably fair and regulated by the Curacao government. It offers around 1,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Bitstarz also accepts multiple currencies and isn’t limited only to cryptos.

Deposits can be made via Mastercard, Skrill, Neteller, Bitcoin, Litecoin, Bitcoin Cash and various other methods making it highly accessible to worldwide users, even those who don’t own Bitcoin. Support is available through social media, online chat and email. It’s also probably the most appealing casino out there in terms of design.

What really caught our eye about Bitstarz is the fact that they respond to user complaints even via Reddit, which shows they care about their customer experience and are willing to step up when needed.

You can find over 1400 games from several casino game providers like iSOFTBET, Endorphina or Evolution Gaming. FortuneJack Casino has also one of the widest selection of cryptocurrencies. The Casino supports 8 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, Monero, and Zcash.

The casino is based in Eastern Europe in Georgia. The team seems to be competent, because they have made several provably fair casino games from scratch. FortuneJack Casino and the fast new casino lobby updated in May 2018.

FortuneJack Review – Pros

The casino has been around since 2014, so it is quite experienced Bitcoin casino

Excellent deposit bonuses and no deposit bonuses

Very good selection of over 1400 games with also live casino games

FortuneJack is one of the biggest and most popular crypto casinos, so the financial backup of the casino should be in order

The support works great

One house-made provably fair dice game

FortuneJack Review – Cons

The deposit amount must be turned over (wagered) 2 times before withdrawal request will be approved

The bonuses must be wagered 40x before the possible winnings can be withdrawn

The free spins winnings must be wagered 45x (the 25 free spins) and 50x (the 250 free spins)

Looking For Cryptocurrency Project/Token/ICO/Gambling Site or Company Promotion?

TOP CRYPTOCURRENCY EXCHANGES

Binance

Kucoin

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The price of Bitcoin and other cryptocurrencies are highly volatile. It is common for prices to increase or decrease by over 20–100% in some coins in a single day. Although this could mean the potential for huge profits, this also means the potential for huge losses. The same goes for CryptoCollectible games which can be wildly speculative.

DO NOT INVEST ALL YOUR MONEY IN CRYPTOCURRENCIES. Only invest or bet money you are willing to lose.

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